MF Global bankruptcy hits farmers, ranchers

Fallout over the late-October bankruptcy of MF Global Holdings Ltd. – the eighth largest in U.S. history — has spawned FBI and Justice Department investigations and left many wondering how, in the wake of supposed Wall Street reforms, government oversight of another financial institution was so lax.

More importantly for the agriculture sector, the bankruptcy and government response has prompted many questions about the safety of futures trading.That’s largely because MF Global customer accounts have been frozen and the threat of hard-earned farmer/rancher funds may be lost.

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